MillerKnoll Inc (MLKN)
Current ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,108,700 | 1,140,600 | 1,125,800 | 1,071,800 | 1,069,600 | 1,083,400 | 1,083,400 | 1,114,300 | 1,114,300 | 1,097,700 | 1,097,700 | 1,176,200 | 1,176,200 | 1,276,100 | 1,276,100 | 1,309,900 | 1,309,900 | 1,331,200 | 1,331,200 | 1,317,900 |
| Total current liabilities | US$ in thousands | 703,800 | 683,100 | 703,700 | 675,700 | 697,700 | 680,500 | 680,500 | 713,800 | 713,800 | 704,500 | 704,500 | 702,800 | 702,800 | 733,200 | 733,200 | 773,200 | 773,200 | 773,000 | 773,000 | 877,400 |
| Current ratio | 1.58 | 1.67 | 1.60 | 1.59 | 1.53 | 1.59 | 1.59 | 1.56 | 1.56 | 1.56 | 1.56 | 1.67 | 1.67 | 1.74 | 1.74 | 1.69 | 1.69 | 1.72 | 1.72 | 1.50 |
May 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,108,700K ÷ $703,800K
= 1.58
The analysis of MillerKnoll Inc’s current ratio over the specified period reveals notable patterns and insights into the company's liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its short-term assets, with a value above 1.00 generally indicating adequate liquidity.
From May 31, 2022, to May 31, 2023, the current ratio fluctuated within a relatively narrow range, starting at 1.50 and gradually increasing to 1.74. This upward trend during this period suggests an improvement in short-term liquidity, potentially reflecting better management of current assets relative to current liabilities or strengthened working capital.
Subsequently, from June 2023 onward, the ratio experienced a slight decline, settling around 1.56 to 1.60 through late 2024. The ratio remains consistently above 1.50, indicating that the company maintains a solid liquidity position, although the decline from the higher values observed earlier could imply some reduction in liquidity buffers or changes in asset composition.
Towards the end of the observed timeline, the ratio rises again to approximately 1.67 as of February 2025, suggesting a modest restoration or improvement in liquidity levels. Throughout the entire period, the ratio has maintained a generally stable range between approximately 1.50 and 1.74, reflecting a consistent capacity to cover short-term liabilities.
Overall, MillerKnoll Inc’s current ratio demonstrates stability and adequacy in liquidity management over the analyzed period. While minor fluctuations are evident, there are no indications of liquidity distress, and the company's ratios suggest a prudent balance between short-term assets and liabilities.